Mercia Technologies PLC Board Change (8203M)
02 August 2017 - 4:01PM
UK Regulatory
TIDMMERC
RNS Number : 8203M
Mercia Technologies PLC
02 August 2017
RNS 2 August 2017
Mercia Technologies PLC
("Mercia" or the "Company")
Board Change
Mercia Technologies PLC (AIM: MERC), the national investment
group focused on the creation, identification, funding and scaling
of innovative technology businesses with high growth potential from
the UK regions, announces that yesterday Martin Lamb, a
Non-executive Director, has notified the Board of Directors (the
"Board") of his decision to step down with effect from the
Company's Annual General Meeting on 18 September 2017. This
decision has been made following Martin's appointment as full time
Executive Chairman of Rotork plc ("Rotork") which was announced on
28 July 2017. As a consequence of Martin stepping down from
Mercia's Board, Susan Searle will become interim Chair of the Audit
Committee and the three remaining Non-executive Directors will
continue to sit on all Board committees.
Sapphire Partners have been appointed to lead the search for a
suitable replacement Non-executive Director.
Susan Searle, Non-executive Chair of Mercia Technologies PLC
said:
"On behalf of the Board, I would like to express my sincere
gratitude to Martin for his contribution whilst we have scaled
Mercia to the point which we are at today. He has provided
invaluable support over the last few years and on behalf of all my
colleagues, we wish him every success in his expanded role at
Rotork."
For further information, please contact:
Mercia Technologies PLC
Mark Payton, Chief Executive Officer
Martin Glanfield, Chief Financial Officer
www.merciatech.co.uk +44 (0)330 223 1430
Cenkos Securities plc
Ivonne Cantu / Mark Connelly (NOMAD) +44 (0)20 7397 8900
Buchanan
Bobby Morse, Victoria Hayns, Stephanie Watson
www.buchanan.uk.com +44 (0)20 7466 5000
About Mercia Technologies PLC
Mercia is a national investment group focused on the creation,
identification, funding and scaling of innovative technology
businesses with high growth potential from the UK regions. Mercia
benefits from 18 university partnerships and offices across the
Midlands, the North of England and Scotland providing it with
access to high quality, regional deal flow. Mercia Technologies PLC
is quoted on AIM with the epic "MERC".
Mercia's 'Complete Capital Solution' initially nurtures
businesses via its third party funds (now with circa
GBP336.5million under management following recent mandate wins) and
then over time Mercia can provide further funding to its 'Emerging
Stars' by deploying direct investment follow-on capital from its
own balance sheet. Since its IPO in December 2014, Mercia has
invested over GBP41.0million directly across its portfolio of
'Emerging Stars'.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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